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4265 S Bruce Street - Bruce & Rochelle Apartments, Las Vegas, NV

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4265 S Bruce Street - Bruce & Rochelle Apartments

Las Vegas, NV 89119 - Outer Las Vegas Strip MF Submarket

Property Type:Multi-Family Number of Units:60 Status:Existing Year Built:1983
Stories:2 Building Size:42,600 SF Land Area:2.05 AC (89,298 SF)
For Sale Price:$3,200,000 Price/Unit:$53,333.33 Cap Rate:10.00 % GRM:-

Parking:2.58 Parking Spaces / 1,000 SF

Nice mix of one and two bedroom units, will need some value added rehab. Large parking area behind apartments should provide new owner with additional building options. Has two pools, apartments sit on two seperate but contiguous parcels.

Only three short blocks from rapidly expanding UNLV campus. Largest land owner in southern tier of Las Vegas Valley.

APN: 162-23-501-006

Sale Notes:
60 units, 4 two story building and 2 pools apartment complex which was built in 1983, situated on 2.06 acres near UNLV, Airport and Hospital. The property offers an attractive unit mix, which includes two different floor plans range in size from 760s.f. to 1,050s.f. The property also has central courtyard swimming pool, laundry facility and a 64 space covered parking lot with remote gated access.
The subject property is positioned to attract a working class tenancy, maintain a stable occupancy rate, and capture anticipated rent growth.
60 units apartment building located near University of Nevada, Las Vegas. Located 1 mile from Flamingo and a walking distance from Desert Springs Hospital, TGI Friday, Rite Aid Pharmacy and ten minutes from McCarran International Airport.

Nationwide Realty

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